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Sep 27, 2013
09/13
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republicans say they will raise the debt ceiling under certain conditions. the president says he is not going to play that game. >> to suggest america not pay its bills, just to try to blackmail a president into giving them some concessions on issues that have nothing to do with the budget. i mean, this is the united states of america. we are not a deadbeat nation. >> the president says, "i'm not going to negotiate." i'm sorry, it doesn't work that way. >> we ask for the president to sit down with us, harry reid, sit down with us and let's solve the problem! >> republican leaders point to new polls suggesting they want the president to actually negotiate on the issue of the debt ceiling. >> after five months of testimony, jurors in the michael jackson wrongful death trial are now actually deliberating that case. singer's family is suing concert promoter aeg live for billions of dollars. they are claiming the company that promoted jackson's comeback concert is liable for his death as well. here is casey wian. ♪ >> reporter: michael jackson never got the cha
republicans say they will raise the debt ceiling under certain conditions. the president says he is not going to play that game. >> to suggest america not pay its bills, just to try to blackmail a president into giving them some concessions on issues that have nothing to do with the budget. i mean, this is the united states of america. we are not a deadbeat nation. >> the president says, "i'm not going to negotiate." i'm sorry, it doesn't work that way. >> we ask for...
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Oct 16, 2013
10/13
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the debt ceiling deadline. when it strikes midnight, no one really knows. depending on whom you listen to, the results could be catastrophic for our financial markets and economic health or something far less severe could happen. here's what we do know. many angry and upset that we reached this point at all. that morning, we'll lay out the dominos that could fall and on whom, the implications for you and your wallet and we're going to press members of congress for answers. >> but first let's bring you up to date on what we know right now. just yesterday, late yesterday, just past 10:00 the senate quit for the night, close to a deal but no deal yet. at 9:30 this morning, the financial markets will open. many wondering if congressional leaders will try to signal a deal is imminent before that to talk investors. the house returns at 10:00 and the sna the is back at noon. honestly, beyond that we do not know a whole lot about how this will play out today. the hardest to convince remain conservative republicans, esp
the debt ceiling deadline. when it strikes midnight, no one really knows. depending on whom you listen to, the results could be catastrophic for our financial markets and economic health or something far less severe could happen. here's what we do know. many angry and upset that we reached this point at all. that morning, we'll lay out the dominos that could fall and on whom, the implications for you and your wallet and we're going to press members of congress for answers. >> but first...
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Oct 8, 2013
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the problem is not the debt ceiling. the debt ceiling is the symptom. the disease is the lack of a budget. and they're fighting over this thing that could send some very bad signals to the world. china overnight, foreign ministry making comments about how they hope the united states will raise the debt ceiling after all. you talk about our foreign bankers, chinese, japanese and, you know, lots of amenities in the caribbean islands. we are our biggest banker. social security trust fund is invested in treasury bonds. if we don't pay the interest on our treasury bonds or do just only pay the interest on the treasury bonds but start to default on other obligations, like obligations to seniors it sends a very destabilizing signal to the rest of the world. >> it it's not like we haven't grappled with this before. just the debate over that caused thoo's things to happen. we'll review this. in 2011 during the last debt ceiling fight, consumer confidence tumbled. s&p lost nearly 20%. small businesses cut back on hiring and our credit rating got cut for the first
the problem is not the debt ceiling. the debt ceiling is the symptom. the disease is the lack of a budget. and they're fighting over this thing that could send some very bad signals to the world. china overnight, foreign ministry making comments about how they hope the united states will raise the debt ceiling after all. you talk about our foreign bankers, chinese, japanese and, you know, lots of amenities in the caribbean islands. we are our biggest banker. social security trust fund is...
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Oct 16, 2013
10/13
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will run out of money to pay all its debts until the debt ceiling is raised. jack lew has said i'm out of magic tricks. out of them by tomorrow. it's estimated that the u.s. is going to have about $30 billion on hand tomorrow. plus, there's going to be money coming in from tax receipts. so remember that the 17th isn't necessarily a drop dead date as far as the default goes. wall street thinks that the real default date may happen sometime in late october. whatever the case, though, the threat of a default has really been unsettling for investors and driving up rates on short-term u.s. treasuries just in case there's some kind of disruption in the ability of the u.s. to pay out on the bonds. you're seeing more of the nervousness play out in the short-term treasury department than stocks even though we did see the selloff yesterday. >> we've been talking about how do you prioritize the bills that you pay. >> that's what affects americans the most. i'll give you an idea of what kind of hurdles that we're going to face if we get into the uncharted waters. tomorrow
will run out of money to pay all its debts until the debt ceiling is raised. jack lew has said i'm out of magic tricks. out of them by tomorrow. it's estimated that the u.s. is going to have about $30 billion on hand tomorrow. plus, there's going to be money coming in from tax receipts. so remember that the 17th isn't necessarily a drop dead date as far as the default goes. wall street thinks that the real default date may happen sometime in late october. whatever the case, though, the threat...
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Oct 15, 2013
10/13
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you know, the debt ceiling -- debt deal back in 2011. it's when their backs are up against the wall and their shirttails are on fire that they start to get serious. and that might be why they're getting close at this point. i think that the odds are that they're working toward an agreement at this point, carol, better than the odds were about a week ago. >> okay. well, that ain't saying much, but it's saying something. >> reporter: got to be optimistic. >> that's right. jim acosta, reporting from the white house this morning. >>> later this morning angry veterans will protest at the world war ii memorial, calling for an end to the partial government shutdown, as of right now, adding to the anger we've already seen at the white house. conservative protesters dismantled barricades that had closed off the world war ii memorial and lincoln memorial. it was a picture perfect moment for one senator, even though ted cruz has actually been pivotal in the washington gridlock. he says the politics are just plain unamerican. >> why did the federal
you know, the debt ceiling -- debt deal back in 2011. it's when their backs are up against the wall and their shirttails are on fire that they start to get serious. and that might be why they're getting close at this point. i think that the odds are that they're working toward an agreement at this point, carol, better than the odds were about a week ago. >> okay. well, that ain't saying much, but it's saying something. >> reporter: got to be optimistic. >> that's right. jim...
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Oct 15, 2013
10/13
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we hit the debt ceiling in 1985. we didn't raise the debt ceiling, we hit it, we didn't raise it for three and a half months. we're still here. we hit it again in 1995 for four and a half months and didn't raise the debt ceiling, we survived that. we will survive this. a lot of this is media hype. of course you had the market drop about 160 points today. markets are super fluid. i predict that if we get this under control, we are heading in the right direction, they will rebound and they will recapture the lost wealth they had and they will recapture that if we get this under control. if we don't get this under control, that's where i would be real concerned about that because who in the heck is going to lend us money if we can't get our own financial house in order. again, this is the time to address this. this is what i came up here for. and we got sent up here to address these things and these are tough decisions. nobody wants anybody laid off. nobody wants anybody furloughed. nobody wants the markets to be rattle
we hit the debt ceiling in 1985. we didn't raise the debt ceiling, we hit it, we didn't raise it for three and a half months. we're still here. we hit it again in 1995 for four and a half months and didn't raise the debt ceiling, we survived that. we will survive this. a lot of this is media hype. of course you had the market drop about 160 points today. markets are super fluid. i predict that if we get this under control, we are heading in the right direction, they will rebound and they will...
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Oct 7, 2013
10/13
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the debt ceiling battle really just beginning. this as the government shutdown continues into a second week. >>> drugs, guns, chemicals all available at your fingertips. a 1.2 billion dollar online bust last week alone. but how are these web market pushers already back in business? some relaunching. only a few hours later. >> this is fascinating. >> it's than incredible story. stay tuned for that. >>> welcome back to "early start." i'm john berman. >> nice to have you with us. i'm zoraida sambolin. >>> we have more on our top story. a pair of raids in sfrik nabbing a top al qaeda fugitive abu anas al libi. what does a u.s. have in store for this suspect and could the raids prompt retaliation? we turn to cnn's nic robertson. he is live in london. what is the latest? >> reporter: al libi is on a u.s. naval in the mediterranean. al qaeda is sending operatives to libya to build established camps so does he have information about that. will there be retaliation? his wife says, look, he got out of al qaeda in the mid '90s. yes, he knew
the debt ceiling battle really just beginning. this as the government shutdown continues into a second week. >>> drugs, guns, chemicals all available at your fingertips. a 1.2 billion dollar online bust last week alone. but how are these web market pushers already back in business? some relaunching. only a few hours later. >> this is fascinating. >> it's than incredible story. stay tuned for that. >>> welcome back to "early start." i'm john berman....
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Oct 9, 2013
10/13
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and the debt ceiling has never not been raised. so there is no debt ceiling. and by having a debt ceiling and then raising it every time, it allows the politicians off the hook for making the hard choices. >> you know, your kids and mine are going to suffer greatly because we failed to bring in spending that's not efficient, not effective and basically outside the bounds of the constitution. >> agreed. >> we've not done what the president asked us to do. he offered $435 billion in mandatory spending changes in this last budget. that ought to be included in any debt ceiling increase. in other words, we have to start making the transition to live responsib responsibly. and we can't continue to get an increase limit on our credit card whether we're not demonstrating any financial integrity in the way we run our government. >> totally agreed. senator, i agree with everything that you say. it's a great platform. few americans if any would disagree. however, where the disagreement comes is if you do not recognize what is at risk with the politics you're playing righ
and the debt ceiling has never not been raised. so there is no debt ceiling. and by having a debt ceiling and then raising it every time, it allows the politicians off the hook for making the hard choices. >> you know, your kids and mine are going to suffer greatly because we failed to bring in spending that's not efficient, not effective and basically outside the bounds of the constitution. >> agreed. >> we've not done what the president asked us to do. he offered $435...
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Oct 3, 2013
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ceiling essentially gave in or the debt ceiling was increased, they were still blamed for the effect on the markets. sometimes if you have political opposition, they're never going to agree with you. lot of this is just the clash of ideals, and everyone's got an argument on both sides of this, but we need to get down to the clear part of this. the american people rejected obama care. the president is willing to put all of that on the line to save his namesake piece of legislation which i think will go down in history as the largest political tantrum ever. >> why is it the president putting his reputation on the line when it is you and your faction that made the shutdown a condition of funding the government and dealing with obama care. did you that. not the president. shouldn't it be on you? >> i think you have to ask the founding fathers why they granted the authority to congress then. it's all in article i, and in the house of representatives we have to start all revenue bills by the original clause, all spending starts here. they gave that authority to the house of representatives
ceiling essentially gave in or the debt ceiling was increased, they were still blamed for the effect on the markets. sometimes if you have political opposition, they're never going to agree with you. lot of this is just the clash of ideals, and everyone's got an argument on both sides of this, but we need to get down to the clear part of this. the american people rejected obama care. the president is willing to put all of that on the line to save his namesake piece of legislation which i think...
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Jan 19, 2013
01/13
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there's an upcoming one with the debt ceiling. ep has to acknowledge this not so pretty reality in the washington as he gives a speech that's supposed to be inspirational. >> the reality is the same congress he was working with on friday will be the same congress he's working with come tuesday despite the speech. we'll watch closely to see more details coming up. thank you so much. we'll watch more of this ahead. >> we always know security is tight in washington, but for the inauguration, it is as tight as it can possibly get, like the motherload of security here. joe johns is here with us to talk about the whole situation. what are we seeing? >> well, john, first of all, there are probably going to be something like 12,000 security people that we know of in and around the national mall for all of the events. so let's break that down a little bit. there are about 4,000 d.c. police officers all of whom will be available for security, different shifts probably working between 12 and 1 hours on sunday and on monday. we have something
there's an upcoming one with the debt ceiling. ep has to acknowledge this not so pretty reality in the washington as he gives a speech that's supposed to be inspirational. >> the reality is the same congress he was working with on friday will be the same congress he's working with come tuesday despite the speech. we'll watch closely to see more details coming up. thank you so much. we'll watch more of this ahead. >> we always know security is tight in washington, but for the...
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Jan 14, 2013
01/13
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this time of course it' over the debt ceiling. and it's going to be big, because it really reflects two different visions of what the debt ceiling is all about. for the president, you heard today, it's about paying your bill. going to a restaurant. picking up the tab for food you've already eaten. fine. >> very common sense, yes. >> very common sense. for republicans, it's about solving a problem. making a government that is too big, smaller and getting control of runaway spending on entitlements like social security and medicare and fixing a long-term problem. it's not just about paying the bills. it's about the future. >> right, but there are also a lot of political calculations in here. i assume they're very close to the political calculations we saw in the last crisis. >> yes, they are, although, you know, in the last crisis it was very clear that the president had the let me rverage. he had just won the election. he had won an election over the tax issue and the republicans lost over the tax issue. they're pushing that so far
this time of course it' over the debt ceiling. and it's going to be big, because it really reflects two different visions of what the debt ceiling is all about. for the president, you heard today, it's about paying your bill. going to a restaurant. picking up the tab for food you've already eaten. fine. >> very common sense, yes. >> very common sense. for republicans, it's about solving a problem. making a government that is too big, smaller and getting control of runaway spending...
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Oct 10, 2013
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ceiling that was looking at a $9 trillion debt. today we're looking at a $17 trillion debt and i know you have the counter on your screen right now that talks about how many hours we've been in the shutdown. i would suggest that cnn also put up a counter of the debt clock, about how quickly we're accumulating debt. it's frightening when people see how fast that's accumulating. that's what we want to do is really come together, both democrats and republicans and deal with this very serious issue that the next generation will have to face and that's the accumulating debt that's hurting growth in the united states. >> but it still does take us back to tactics, doesn't it, congresswoman? while few would disagree about the need to address the national debt and the deficit connected thereto, it comes down to what do you to address it. we had a republican senator on who came on and said i'm okay with a managed catastrophe involving the debt limit if it allowed us to believe in what we believe in. >> what republicans have been trying to do
ceiling that was looking at a $9 trillion debt. today we're looking at a $17 trillion debt and i know you have the counter on your screen right now that talks about how many hours we've been in the shutdown. i would suggest that cnn also put up a counter of the debt clock, about how quickly we're accumulating debt. it's frightening when people see how fast that's accumulating. that's what we want to do is really come together, both democrats and republicans and deal with this very serious issue...
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Sep 18, 2013
09/13
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raising the debt ceiling must mean that we're running up our debt. so people don't like to vote on it and typically there's some gamesmanship in terms of making the president's party shoulder the burden of raising the -- taking the vote and then there's some political campaign later that smacks them around for saying, joe smith voted to raise the debt ceiling by $2 trillion, and it sounds terrible and it's a fun talking point for politics, but it always gets done. and if there is a budget package that includes the debt ceiling vote, it's not the debt ceiling that is driving the negotiations. it's stuck into the budget negotiations because if you're going to take a bunch of tough votes anyway, you may as well go ahead and stick that in there. you have never seen in the history of the united states the debt ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and nothing to do with the debt. so here's where we are, and i think this
raising the debt ceiling must mean that we're running up our debt. so people don't like to vote on it and typically there's some gamesmanship in terms of making the president's party shoulder the burden of raising the -- taking the vote and then there's some political campaign later that smacks them around for saying, joe smith voted to raise the debt ceiling by $2 trillion, and it sounds terrible and it's a fun talking point for politics, but it always gets done. and if there is a budget...
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Oct 10, 2013
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a clean debt ceiling. democrats are not so sure. they haven't seen the language of it. but a debt ceiling that doesn't have the spending cuts and other strings attached that? conservatives have been demanding. in exchange for that what they wanted him to agree to was to sit down and talk about the big issues they have to the come together on frankly for two, three years. big, big issues that everybody believes need to be addressed, but they have very different philosophies on how to do so with regard to entitlements, with regard to taxes, with regard to the overall level of government spending. those are the things they wanted to discuss with the president. you know, again, as you and i have talked about so many times over the past ten days or more, we still have a potential chicken or egg situation, which is the best way to describe this. jim just played a quick sound bite from the senate majority leader harry reid, who said it's not going to happened, when asked if they would agree to extend the debt cei
a clean debt ceiling. democrats are not so sure. they haven't seen the language of it. but a debt ceiling that doesn't have the spending cuts and other strings attached that? conservatives have been demanding. in exchange for that what they wanted him to agree to was to sit down and talk about the big issues they have to the come together on frankly for two, three years. big, big issues that everybody believes need to be addressed, but they have very different philosophies on how to do so with...
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Oct 16, 2013
10/13
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the debt ceiling is not the problem. the problem is the spending that continues to attempt to exceed our ability to brother. at the end of the day folks not only in america but around the world should be worried about out of control too much spending going on in washington. that didn't start yesterday or five years ago it's been going on for decades. now it's time to solve the problem. >> just as a tweet coming out from your office, i'm assuming you sent it yourself. you sent it to senator ted cruz. where are we having dinner tonight. i guess two questions four. one, you're going to dinner with ted cruz. do you agree with people who say ted cruz has been the cancer at the center of all of these negotiations? whether you agree with his principle or not that the strategy has bean big mistake? >> there seems to always be interest in washington, d.c. and the chattering class about who eats super with whom and that's a little joke that apparently is inside the beltway media might get and rest of america misses. ted cruz and f
the debt ceiling is not the problem. the problem is the spending that continues to attempt to exceed our ability to brother. at the end of the day folks not only in america but around the world should be worried about out of control too much spending going on in washington. that didn't start yesterday or five years ago it's been going on for decades. now it's time to solve the problem. >> just as a tweet coming out from your office, i'm assuming you sent it yourself. you sent it to...
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Aug 2, 2013
08/13
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just take the issue of the debt ceiling. the debt ceiling says that congress -- that the treasury should pay the bills congress already rang up. what we saw in the summer of 2011 was an unnecessary fight over the debt ceiling where congress was literally playing games with defaulting on the full faith and credit of the u.s. currency. those are the kinds of manufactured crisis that can slow down a recovery or do much more damage to the u.s. and world economy. that's why i think it's so important that congress does its job, when it comes back from recess, and raises the debt ceiling without drama. >> i was just going to say, i'm sure they're all thinking that on their summer recess. alan kruegekrueger, thank you. we appreciate it. >> thaw for having me. >>> this morning, edward snowden woke up somewhere other than the moscow airport. you can see the nsa leaker in this photo with his back to the camera striking out on his new life of at least temporary freedom in russia. phil black spoke with his russian attorney. >> reporter:
just take the issue of the debt ceiling. the debt ceiling says that congress -- that the treasury should pay the bills congress already rang up. what we saw in the summer of 2011 was an unnecessary fight over the debt ceiling where congress was literally playing games with defaulting on the full faith and credit of the u.s. currency. those are the kinds of manufactured crisis that can slow down a recovery or do much more damage to the u.s. and world economy. that's why i think it's so important...
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Oct 8, 2013
10/13
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nine days until we hit the debt ceiling. senate democrats are set to introduce a bill to increase the borrowing limit. president obama and house speaker john boehner remain divided over whether there's support in the house to re-open the government. a new cnn/orc poll show 63% of people blame the republicans while 57% blame democrats. >>> more saber rattling from north korea. wrong ka pyongyang putting its military on high alert. the u.s. moved a group of ships into a south korean port. >>> the atf preventing the publication of a new book about the failed fast and furious operation. the program allowed 2,000 guns to cross into mexico, then lost track of hundreds of them. at least one of those guns was linked to the death of this man, border agent brian terry. now officials say federal agent and whistle-blower john dodson's account of the program is bad for morale. he'll join us later this morning at 8:20 eastern. >>> a court hearing today to decide what exactly to do with a 9-year-old runaway who slipped past security and bo
nine days until we hit the debt ceiling. senate democrats are set to introduce a bill to increase the borrowing limit. president obama and house speaker john boehner remain divided over whether there's support in the house to re-open the government. a new cnn/orc poll show 63% of people blame the republicans while 57% blame democrats. >>> more saber rattling from north korea. wrong ka pyongyang putting its military on high alert. the u.s. moved a group of ships into a south korean...
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Oct 15, 2013
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debt ceilings is another question. >> following the tea party republicans is bad strategy. >> debt ceilings, they will continuing to be some leverage. we will leave it there, gentlemen. you talked about fair. see? >> i like fair. he doesn't like fair. >> say what? >> exactly. >> will cain, good to see you. >>> madeleine mccann, will her parents finally get answers? you will hear from them. >>> what's in the water in minnesota? one ice cream shop there has made our good segment there not once but twice. it is so nice. we'll tell you why. a sweet story. people don't have to think about where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ afghanistan in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and be
debt ceilings is another question. >> following the tea party republicans is bad strategy. >> debt ceilings, they will continuing to be some leverage. we will leave it there, gentlemen. you talked about fair. see? >> i like fair. he doesn't like fair. >> say what? >> exactly. >> will cain, good to see you. >>> madeleine mccann, will her parents finally get answers? you will hear from them. >>> what's in the water in minnesota? one ice cream...
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Oct 2, 2013
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we know we're on top of the debt ceiling vote. there is a strong possibility if they were willing to sit down and listen to us, that we would put a package together and solve the problems at once, stop the government shutdown and deal with the debt ceiling. that's the type of leadership the country need and deserves and the people out of work are expecting. that's what we're going to try to do. >> well, the question that looms, though, is that if it's just this little slice of your party you say is pushing an extreme or a fringe idea, why are you listening to it so much within your party? why is what you're calling a small group allowed to dictate the action of the entire conference? >> well, there's several things. you can't look at this in a vacuum. if we look what happened over the last couple years, several times we've tried to mac a deal with the democrat side to say, listen, we'll ignore a certain part of our conference and we're going to work with you to pass a bill in a bipartisan way. the farm bill is a perfect example. w
we know we're on top of the debt ceiling vote. there is a strong possibility if they were willing to sit down and listen to us, that we would put a package together and solve the problems at once, stop the government shutdown and deal with the debt ceiling. that's the type of leadership the country need and deserves and the people out of work are expecting. that's what we're going to try to do. >> well, the question that looms, though, is that if it's just this little slice of your party...
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Sep 26, 2013
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on the debt ceiling. he wanted to put a fiscal plan in place to reduce deficit in a balanced way. days before the government was going to default, john boehner walked away. and to put the government and the economy, the ability to pay our bills, in jeopardy, we got downgraded, our credit rating got downgraded. in terms of open to compromise, there's nobody to negotiate with. john boehner is not in control of the house caucus. that's controlled by 45 tea party members. it's not clear what anything could get through. so the president is simply saying, i'm not going to play games over our ability to pay our bills. bills that congress obligated us to. you know, if you have an idea of how to reduce the deficit or improve the health care law, he's open to it. but this is not a negotiation that's going on because there's nobody to negotiate with. >> i think one thing we can all agree on is there is no trust between the white house and republicans on capitol hill. >> or between the american people and washington.
on the debt ceiling. he wanted to put a fiscal plan in place to reduce deficit in a balanced way. days before the government was going to default, john boehner walked away. and to put the government and the economy, the ability to pay our bills, in jeopardy, we got downgraded, our credit rating got downgraded. in terms of open to compromise, there's nobody to negotiate with. john boehner is not in control of the house caucus. that's controlled by 45 tea party members. it's not clear what...
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Jul 14, 2013
07/13
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should default and we will not get into negotiation like 2011 over the debt ceiling. and i'm trying to separate the issues of the debt ceiling and the larger fiscal questions. >> i have to ask you about the irs. many americans were stunned to discover that the irs seemed to be targeting groups for political reasons. do you believe that that was a real problem, and has it been cleared up? >> well, fareed, i think it's now been pretty clearly established that the irs in its implementation of the tax-exempt program was making lists and scrutinizing not just one side but both sides of the political ledger. they were trying to implement the program to determine whether or not there was political activity. i've said many times that they exercised bad judgment and the criteria they used in terms of identifying institutions. but i think it's been carrily established that it was not politically motivated, that it was -- it was bad judgment. and when we appointed an acting commissioner of the irs, i gave them three tasks. one was to take action where individuals needed to be he
should default and we will not get into negotiation like 2011 over the debt ceiling. and i'm trying to separate the issues of the debt ceiling and the larger fiscal questions. >> i have to ask you about the irs. many americans were stunned to discover that the irs seemed to be targeting groups for political reasons. do you believe that that was a real problem, and has it been cleared up? >> well, fareed, i think it's now been pretty clearly established that the irs in its...
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Jan 18, 2013
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they say they are going to have a vote that will delay the debt ceiling for three months. so what they are doing, if you really look at house republicans who took the majority two years ago, they did it standing on principle for pretty much every squirmish. it seems that they are becoming a bit more sophisticated, rather, but their understanding, it seems, is that you have to pick your battles. losing credit ratings and so forth, that's not a smart battle to wage. look at some of the most conservative members of the house talking to deirdre walsh at the end of their retreat for three days about picking their battles in a better way. >> deal with the smaller ones first, maybe build up a little momentum, credibility, not only with the credit markets but with the folks back home, that we can actually deal with these things, take the small one first, debt ceiling last, i think it's a rational, reasonable thing to do. >> now, for some, wolf, maybe even those in the republican house leadership, like him talking about what is rational and reasonable, that may be a bit jarring but
they say they are going to have a vote that will delay the debt ceiling for three months. so what they are doing, if you really look at house republicans who took the majority two years ago, they did it standing on principle for pretty much every squirmish. it seems that they are becoming a bit more sophisticated, rather, but their understanding, it seems, is that you have to pick your battles. losing credit ratings and so forth, that's not a smart battle to wage. look at some of the most...
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we hit that debt ceiling in may. the treasury department has been using extraordinary measures to keep the money going on october 17th you have $30 billion in the bank. sometime by the end that month, you're really not able to pay everything. we've never been here before, right? we've never been here before. an economist yesterday told me yesterday a vote not to raise the debt ceiling is a vote for the recession. i'm going to say again, a vote not to raise the debt ceiling is a vote for the recession. you would slam 33% of the spending out of the economy immediately. you'd balance the budget like that, that's especially what it is, right? and that means it's austerity. you're doing austerity in one month, just like that. >> it's a very spark decision. and if someone doesn't get paid, no one knows what happens. >> right. >> you're entering an abyss here. and it will be extremely, extremely problematic to say the least. >> that's what every economist, ceo and a person on the system works. there are more debt ceiling de
we hit that debt ceiling in may. the treasury department has been using extraordinary measures to keep the money going on october 17th you have $30 billion in the bank. sometime by the end that month, you're really not able to pay everything. we've never been here before, right? we've never been here before. an economist yesterday told me yesterday a vote not to raise the debt ceiling is a vote for the recession. i'm going to say again, a vote not to raise the debt ceiling is a vote for the...
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debt ceiling, $16.4 trillion, blown through it again. has to be raised so we can pay our bills, and the president doesn't want another one of these bruising debates. here he was. apologies. basically saying we need to negotiate, we need a balanced approach, don't need to be doing this again and again. let's talk to brianna keilar, joining thus morning in washington. and just run through, brianna, what is not in this deal? >> well, the big things that are not in this deal and that you can say really the can was quicked down the road on were the spending cuts, because we have two months where the spending cuts are now not an issue. that's been delayed. but come two months, they come calling again, and they absolutely have to be dealt with if congress doesn't want to see them go into place, and the other thing, what you mentioned, bro brooke, the debt ceiling. we've gone past it. the treasury department is able to move money around so we don't hit the debt ceiling. as for right now, the u.s. is making good on the debts that it owes, but at
debt ceiling, $16.4 trillion, blown through it again. has to be raised so we can pay our bills, and the president doesn't want another one of these bruising debates. here he was. apologies. basically saying we need to negotiate, we need a balanced approach, don't need to be doing this again and again. let's talk to brianna keilar, joining thus morning in washington. and just run through, brianna, what is not in this deal? >> well, the big things that are not in this deal and that you can...
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ceiling. >> the debt ceiling, that even -- that makes me nervous. i'm twitching when i heard the words debt ceiling. stephen, do we think there's any more chance they're moving to at least some kinds of consensus of how we'll run the nation's books before we get to the debt ceiling? >> i'm not sure we are, actually. i think this budget was an ideological document -- >> aren't they all? wait, isn't that what it is, the president's mission statement, right? >> of course it is. no doubt about it. this is the president's statement. i worked for ronald reagan when we put our budgets. it's a statement of principle. the point i'm making is there's not a lot in here republicans are going to go say, oh, wonderful idea. we haven't talked about the new taxes which republicans will reject out of hand. the most interesting thing that happened this week when the president proposed what i think is a fairly modest change to social security, oh, my gosh, these organizations on the left, i mean, had cardiac arrest. and that makes me somewhat nervous about whether we'
ceiling. >> the debt ceiling, that even -- that makes me nervous. i'm twitching when i heard the words debt ceiling. stephen, do we think there's any more chance they're moving to at least some kinds of consensus of how we'll run the nation's books before we get to the debt ceiling? >> i'm not sure we are, actually. i think this budget was an ideological document -- >> aren't they all? wait, isn't that what it is, the president's mission statement, right? >> of course it...
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is it inevitable with what you know there will have to be negotiations about raising the debt ceiling this time around? >> i think it's clear that the country has spoken out they do not want any government shutdowns, economic uncertainty or fights back here in congress about paying our bills. i think congress will step up and to the right thing, again next year, when the debt ceiling needs to be raised and pay our bills so that we don't send this country into another economic turmoil. >> senator patty murray, happy holidays. thank you so much. >> thank you. >>> it's time for the five things you need to know for your new day. two lucky mega millions winners sold in san jose, california, and atlanta, georgia. they will share an estimated $636 million jackpot. >>> police say a deadly shooting rampage inside a hospital building in reno, nevada, tuesday was not a random act. an unidentified gunman killed one victim and critically wounded two others before killing himself. >>> officials say it was a harvard sophomore who e-mailed in monday's bomb hoax, eldo kim was allegedly trying to avowe
is it inevitable with what you know there will have to be negotiations about raising the debt ceiling this time around? >> i think it's clear that the country has spoken out they do not want any government shutdowns, economic uncertainty or fights back here in congress about paying our bills. i think congress will step up and to the right thing, again next year, when the debt ceiling needs to be raised and pay our bills so that we don't send this country into another economic turmoil....
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now, he may not want to negotiate about the debt ceiling. he may not want to negotiate about the government shutdown without the clean c.r. so then they should negotiate about what they're going to negotiate if and when -- [ overlapping speakers ] >> that makes my head hurt just to hear you say that sentence. >> take two advil because it's not going away and this is a solution. >> i want to bring in republican congressman michael grimm joining us on capitol hill. congressman, thanks for being with us late at night. do you see a glimmer of hope here in what the president said today? >> michael's a new yorker. he's used to late nights. >> you're absolutely right about that. i am used to late nights. i think there is a glimmer of hope here. but it is going to take leadership from every side. listen. all of this has been coming to a head for awhile. this i three years in the making. it's a lot of things. i actually think that the fight isn't with republicans and the president on this one. i know a lot of people might disagree. but i think it's a
now, he may not want to negotiate about the debt ceiling. he may not want to negotiate about the government shutdown without the clean c.r. so then they should negotiate about what they're going to negotiate if and when -- [ overlapping speakers ] >> that makes my head hurt just to hear you say that sentence. >> take two advil because it's not going away and this is a solution. >> i want to bring in republican congressman michael grimm joining us on capitol hill. congressman,...
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let's start with the debt ceiling. president says he's not going to negotiate. so how far will house republicans push on this vote to try to leverage spending cuts? >> i think they're going push pretty far. you know, as the conservative "wall street journal" editorialized yesterday, "the wall street journal" giving house with republicans some advice, they said don't take a hostage you aren't prepared to shoot. and i think that that's the view among a lot of republicans in the house that they're not going to take this hostage, the debt ceiling, unless they're prepared to hit it. and remember last time we went through this, there were quite a few republicans who actually argued that it would be okay to hit the debt ceiling, that it wouldn't be as catastrophic as the white house and the treasury department and most economists believe. so i think it's -- i think it's very real, and when you have a senator like john cornyn threatening to shut the government down, we're in for a pretty serious fight here. >> well, we know that congress had a year and a half, essential
let's start with the debt ceiling. president says he's not going to negotiate. so how far will house republicans push on this vote to try to leverage spending cuts? >> i think they're going push pretty far. you know, as the conservative "wall street journal" editorialized yesterday, "the wall street journal" giving house with republicans some advice, they said don't take a hostage you aren't prepared to shoot. and i think that that's the view among a lot of republicans...
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paul ryan says let's deal with the debt ceiling. are you saying we can't deal with the debt ceiling until we deal with the obama care obsession? >> i whole country understands we have way too much debt. under president obama the debt has gone from roughly $10 trillion to nearly $17 trillion. it's larger than our whole economy. and i think we need to do structural reforms to get our spending under control. but at the same time, you got to fight one thing at a time. you can't fight everything at once. we are in the middle of an epic movement, millions of americans have risen up and said, they want relief from obama care. so washington -- listen. politicians in both parties in washington have not been listening to the american people. but over 2 million americans signed a national petition at don'tfundit.com. because obama care isn't working. >> let me ask it from a different angle. the republicans in the house have now put on the table a six-week extension of the debt ceiling. partially in response i suspect to secretary of the treasu
paul ryan says let's deal with the debt ceiling. are you saying we can't deal with the debt ceiling until we deal with the obama care obsession? >> i whole country understands we have way too much debt. under president obama the debt has gone from roughly $10 trillion to nearly $17 trillion. it's larger than our whole economy. and i think we need to do structural reforms to get our spending under control. but at the same time, you got to fight one thing at a time. you can't fight...
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ceiling, raising the debt ceiling. our white house correspondent is joining us from honolulu with more on what is going on. are you getting more information about the president's strategy? this was a huge fight averted last night but there are big battles coming in the coming weeks? >> reporter: the president is making it clear he does not want to negotiate on the debt ceiling and doesn't want a repeat of what we saw in the summer of 2011 where the president says the drawn out process has had a negative impact on the economic rur re, and the republicans are promising a fight and they want to see spending cuts in exchange for the cuts on spending. but the president delivers a stern warning. >> while i will negotiate over many things i will not another debate with this congress over whether or not they should pay the bills that they already wracked up with the laws that they passed. >> the president says another debt ceiling debate would be worse than the fiscal cliff. the president, as he pointed out, here in hawaii on
ceiling, raising the debt ceiling. our white house correspondent is joining us from honolulu with more on what is going on. are you getting more information about the president's strategy? this was a huge fight averted last night but there are big battles coming in the coming weeks? >> reporter: the president is making it clear he does not want to negotiate on the debt ceiling and doesn't want a repeat of what we saw in the summer of 2011 where the president says the drawn out process has...
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and the rhetoric, getting even hotter with the debt ceiling fight on the horizon. is our economy and your bottom line in trouble? >>> tragedy averted. a gunman tries to fire at least five times inside a crowded mcdonald's. incredibly his gun would not work. the heart-pounding moments all caught on video. you don't want to miss it. >>> your "new day" starts right now. >> announcer: what you need to know -- >> to suggest america not pay its bills, we're not a deadbeat nation. >> announcer: what you just have to see -- this is "new day" with chris cuomo, kate bolduan and michaela pereira. >>> good morning. welcome back to "new day." it's friday, september 27th, 7:00 in the east. new this morning, a ground-breaking agreement finally reached by the u.n. security council forcing syria to give up its chemical weapons. the obvious question, will it stick or fall apart? we will ask it and give you perspective. meanwhile, high-level talks with iran happening for the first time in almost 35 years. they are making history but are they making progress? >> good questions. >>> al
and the rhetoric, getting even hotter with the debt ceiling fight on the horizon. is our economy and your bottom line in trouble? >>> tragedy averted. a gunman tries to fire at least five times inside a crowded mcdonald's. incredibly his gun would not work. the heart-pounding moments all caught on video. you don't want to miss it. >>> your "new day" starts right now. >> announcer: what you need to know -- >> to suggest america not pay its bills, we're not...
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the deal still has not addressed the debt ceiling fight. cnn has reached out to tea party express chairman amy kremer regarding her message on that but we have not yet heard back. >>> fired for refusing flu shots. listen to this, the controversial call by an indiana hospital that has a lot of people angry. new prilosec otc wildberry is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. >>> consider this, should you be fired for not getting a flu shot? several health care workers in indiana are out of a job after saying no to the flu shots. the parent company of goshen hospital outside of south
the deal still has not addressed the debt ceiling fight. cnn has reached out to tea party express chairman amy kremer regarding her message on that but we have not yet heard back. >>> fired for refusing flu shots. listen to this, the controversial call by an indiana hospital that has a lot of people angry. new prilosec otc wildberry is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored...
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ceiling fight or debt default would look like, it's already here. the shutdown has already cost tens of billions, maybe $20 billion in damage to the overall economy right now. when you go back to the beginning of the budget battles you've got jobs that have been lost by some accounts 800 to 1 million -- 800,000 to 1 million jobs have been lost simply because the budget fighting and jess ter and first debt ceiling fight and all that nonsense. this is already hurting. main street is already feeling this. and washington just doesn't seem to get the message, this is hurting all kinds of corners of the economy, not necessarily the markets yet but it has already been hurting real people. and still that hasn't compelled a deal. it's concerning. >> interesting. christine romans, appreciate the update. joining me now is republican congressman james langeford. congressman good to have you here. what happened in the house today when the vote separated? -- evaporated. >> we said what could we send over to the senate first. go from there. we were not able to pul
ceiling fight or debt default would look like, it's already here. the shutdown has already cost tens of billions, maybe $20 billion in damage to the overall economy right now. when you go back to the beginning of the budget battles you've got jobs that have been lost by some accounts 800 to 1 million -- 800,000 to 1 million jobs have been lost simply because the budget fighting and jess ter and first debt ceiling fight and all that nonsense. this is already hurting. main street is already...
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they want the debt ceiling attached the spending cuts. i mean, there's a lot of sort of reaction you could look at here. but i think the take away is that republicans are divided on the tactics over how to achieve all the same things. all republicans want entitlement reform, tax reform, spending cuts, deficit cuts, and to end obama care. we're absolutely divided. i'm not saying this is a good thing. we're absolutely divided on how to achieve those things and in what order. >> chris, we've got to run. if you can do it in two seconds. >> the takeaway is that the republicans are wrong about the positions, not the tactics. >> all right, that was five seconds, but i'll led it slide. thank you, chris kofinis. thank you, s.e. cupp. appreciate it. catch s.e. on "crossfire" tonight, 6:30 eastern on cnn. >>> coming up, one of the most bizarre stories i have heard in a long time. a plot to kidnap and torture men to force them to divorce their drive wives. you will not believe who police say was behind it. >> and jetblue has a new plan that wants cus
they want the debt ceiling attached the spending cuts. i mean, there's a lot of sort of reaction you could look at here. but i think the take away is that republicans are divided on the tactics over how to achieve all the same things. all republicans want entitlement reform, tax reform, spending cuts, deficit cuts, and to end obama care. we're absolutely divided. i'm not saying this is a good thing. we're absolutely divided on how to achieve those things and in what order. >> chris, we've...
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the debt ceiling has been increased. but the problem is, the ominous specter of facing a new one in a few months. we bring in our friend, man, mentor, piers morgan. host of "piers morgan live." if i only had a copy of -- oh, wait. "shooting straight: guns, guys law and george clooney." you have characteristically, one, stepped up and come here this morning after a late night. >> leaving this building at 1:30 a.m. dedication. >> more reason for your celebration. i'm at the front of the parade. i ask you this. you have been aggressive in dealing with why this should have never happened. >> yeah. >> as they pat themselves on the back this morning and say, see, we did it, what message should loom large? >> get back to damn work. do your jobs. the idea that millions of americans, not just the furloughed americans, because they're likely to get their money back, what about the millions of americans, the bar workers who work near the statue of liberty who lost money for two weeks that they will never get back. what about the pa
the debt ceiling has been increased. but the problem is, the ominous specter of facing a new one in a few months. we bring in our friend, man, mentor, piers morgan. host of "piers morgan live." if i only had a copy of -- oh, wait. "shooting straight: guns, guys law and george clooney." you have characteristically, one, stepped up and come here this morning after a late night. >> leaving this building at 1:30 a.m. dedication. >> more reason for your celebration....
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and then i'm sorry, over the government shutdown that would become this debt ceiling debate. does it jeopardize america's standing even more? >> yeah, it does. bottom line is if they can come together and pass a budget, increase the debt limit. if that happens we're good, we're golden. we'll move forward and our economy will be just fine. if they take it to the point where the government will shut down for any length of time. more importantly if we've reach the debt limit, stock prices will fall, bond levels would rise and credit agencies would react. >> thank you very much. you heard it from him cataclysmic if that debt ceiling is not raised. >>> still to come, is the u.s. government's outsourcing losing lives? >> plus, the largest storm of the year about to make landfall on earth. we'll tell you where. >>> then fist fights surrounding the frenzy of the iphone 5. >>> then 850 snakes found in a suburban home, including bur please pythons. some of the most dangerous in the world. they're banned in the u.s. i'm beth... and i'm michelle. and we own the paper cottage. it's a stat
and then i'm sorry, over the government shutdown that would become this debt ceiling debate. does it jeopardize america's standing even more? >> yeah, it does. bottom line is if they can come together and pass a budget, increase the debt limit. if that happens we're good, we're golden. we'll move forward and our economy will be just fine. if they take it to the point where the government will shut down for any length of time. more importantly if we've reach the debt limit, stock prices...
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is three days away from the debt ceiling deadline. the possibility of default, sparking concern of potential economic turmoil around the world. >> if there was a problem lifting the debt ceiling, it could well be that what is now a recovery would turn into a recession, or even worse. >> reporter: here at home, a default could mean a serious hit to your investment, like your 401k, wall street now waiting on washington to dictate the trades as banks are predicting the s&p 500 could see painful losses, as high as 45% if an agrow. isn't reached. >> here in chicago, we have seen the housing market really pick up in the last 84, like many places, that has been helped by low interest rates for people looking for loans. but all of that could change if the government defaults because interest rates could spike or even worse we could see another credit squeeze making it much 45rder to borrow. >> a default means interest rates for credit cards and student loans would spike as well and payments from the government would degree up. >> washington m
is three days away from the debt ceiling deadline. the possibility of default, sparking concern of potential economic turmoil around the world. >> if there was a problem lifting the debt ceiling, it could well be that what is now a recovery would turn into a recession, or even worse. >> reporter: here at home, a default could mean a serious hit to your investment, like your 401k, wall street now waiting on washington to dictate the trades as banks are predicting the s&p 500...
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we are going to have another debt ceiling debate. at the end of the day, we have to reign in the spending. we have $16 trillion in debt. most people cannot fathom how many $1 million is, let alone $1 trillion. when we are spending $1.4 trillion to $1.6 trillion, it is a real issue that needs to be dealt with. the bottom line is, these people are going to washington. they are being elected by we the people. they work for us. they are going to washington and they are not doing their job. this fiscal cliff deal, they had three to six minutes to read the bill before they actually voted on it. that is not acceptable. it's not about party politics. erin is right. there is a problem. the tea party movement was born out of frustration with both political parties but specially the republican party. i would say that we're the threat to the republican party. a great, great true fiscal conservative, a constitutionalist, who was just elected a senator from the state of texas, just put in as the vice chairman of the nrc. that is a victory for us.
we are going to have another debt ceiling debate. at the end of the day, we have to reign in the spending. we have $16 trillion in debt. most people cannot fathom how many $1 million is, let alone $1 trillion. when we are spending $1.4 trillion to $1.6 trillion, it is a real issue that needs to be dealt with. the bottom line is, these people are going to washington. they are being elected by we the people. they work for us. they are going to washington and they are not doing their job. this...
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do a clean debt ceiling. it's too dangerous not to and we'll negotiate on any issues they want and they win a lot of the arguments. they've won them in the past. we conceded to them at the 988 number. now we gave in on the budget demands and that's what the tea party wants, they want the government to be shut down. speaker boehner has a responsibility to resist it, not to come up with deflections or excuse, we'll do this and that but let the government be funded and have the kind of negotiations that we've had -- this is different than in the last 220 years >> senator schumer thank you for the perspective. good luck down there. >> great to be here. >> let us know what you think, tweet us, #newday. kate over to you. >>> coming up next on "new day," miriam carey led police on a deadly car chase through our nation's capital. questions remain as to why she drove into white house barriers and towards the capital with her young daughter in the car. we're going to stalk with her sisters and try to get some of the an
do a clean debt ceiling. it's too dangerous not to and we'll negotiate on any issues they want and they win a lot of the arguments. they've won them in the past. we conceded to them at the 988 number. now we gave in on the budget demands and that's what the tea party wants, they want the government to be shut down. speaker boehner has a responsibility to resist it, not to come up with deflections or excuse, we'll do this and that but let the government be funded and have the kind of...
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that means raising the debt ceiling. that deadline is only two weeks away. cnn's breanna keeler is at t-- brianna keilar is at the white house. >> reporter: a couple developments overnight. president obama has completely scrapped his trip to asia. he won't be heading there tomorrow as originally plan. also we've heard about some private discussions from house speaker john boehner. while he may not be bending on a shutdown, a sign that he could on the debt ceiling. with the government partially shut down and the united states careening towards defaulting on its debts in mid-october, house speaker john boehner made a key admission about the debt ceiling. a republican who spoke to cnn after a private meeting with house gop members, said boehner informed them he will not allow a default to happen, even if it means relying on votes from democrats. >> i'm all wired up here. >> reporter: in a city that lives for an open mike moment to pull back the curtain. >> i just did cnn. and i just go over and over again, we're willing to negotiate and compromise. >> reporter:
that means raising the debt ceiling. that deadline is only two weeks away. cnn's breanna keeler is at t-- brianna keilar is at the white house. >> reporter: a couple developments overnight. president obama has completely scrapped his trip to asia. he won't be heading there tomorrow as originally plan. also we've heard about some private discussions from house speaker john boehner. while he may not be bending on a shutdown, a sign that he could on the debt ceiling. with the government...
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ceiling fight or debt default would look like, it's already here. the shutdown has already cost tens of billions, maybe $20 billion in damage to the overall economy right now. when you go back to the beginning of the budget battles you've got jobs that have been lost by some accounts 800 to 1 million -- 800,000 to 1 million jobs have been lost simply because the budget fighting and jess ter and first debt ceiling fight and all that nonsense. this is already hurting. main street is already feeling this. and washington just doesn't seem to get the message, this is hurting all kinds of corners of the economy, not necessarily the markets yet but it has already been hurting real people. and still that hasn't compelled a deal. it's concerning. >> interesting. christine romans, appreciate the update. joining me now is republican congressman james langeford. congressman good to have you here. what happened in the house today when the vote separated? >> t -- evaporated. >> we said what could we send over to the senate first. go from there. we were not able t
ceiling fight or debt default would look like, it's already here. the shutdown has already cost tens of billions, maybe $20 billion in damage to the overall economy right now. when you go back to the beginning of the budget battles you've got jobs that have been lost by some accounts 800 to 1 million -- 800,000 to 1 million jobs have been lost simply because the budget fighting and jess ter and first debt ceiling fight and all that nonsense. this is already hurting. main street is already...
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ceiling. wile we're looking at the funding issue into september, the right into that, we're becoming the debt ceiling. and it all gets smushed together. i think wa we look back to is a couple years ago when they realized they had that battle and everything almost went completely south, it was a muj race between congressional republicans and the white house to -- it was almost a race to the bottom. everyone kaem out losing. it was just a matter of who was the biggest loser. >> and i think those wounds are still fresh. >> oh, yes, they still argue over it. >> brianna, great to see you. we'll see you in a bit. >>> we're going to take a break here. when we come back, we'll go from washington to something that you definitely are paying attention to, the nasty stomach bug that's been spreading through the country. we believe officials are finally going to tell us what the source is so you can look for it in your own home. >>> and later this morning, the kid who got the answer, the right answer on je
ceiling. wile we're looking at the funding issue into september, the right into that, we're becoming the debt ceiling. and it all gets smushed together. i think wa we look back to is a couple years ago when they realized they had that battle and everything almost went completely south, it was a muj race between congressional republicans and the white house to -- it was almost a race to the bottom. everyone kaem out losing. it was just a matter of who was the biggest loser. >> and i think...
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Sep 20, 2013
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we have been attaching things to the debt ceiling since dwight eisenhower in the 1950s. it's the president who doesn't budge and no matter how bad things are with obama care, he won't fix anything. he won't negotiate anything. now boehner and the republicans today are going to vote to keep the government open and they're going to send a bill to the senate that would keep the government open. and i think the question is, will harry reid and the democrats even negotiate? will the president even negotiate? you know, i don't think it can be either/or. you can't say -- this isn't a dictatorship. the president can't say give me exactly what i want or i'll blame you. >> look, i totally agree with you but it's about the nature of the dynamite you use to push for compromise. you took a beating in '95 and '96 personally after the shutdown. bill clinton got a huge infusion of popularity, his polls popped. he rolled in the next election. you know that it was perceived as bad, especially for you. it seemed that you had distanced yourself from the american people in favor of your own
we have been attaching things to the debt ceiling since dwight eisenhower in the 1950s. it's the president who doesn't budge and no matter how bad things are with obama care, he won't fix anything. he won't negotiate anything. now boehner and the republicans today are going to vote to keep the government open and they're going to send a bill to the senate that would keep the government open. and i think the question is, will harry reid and the democrats even negotiate? will the president even...
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Jan 6, 2013
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you know, using the debt ceiling as the lever to try to force through a big deal is enormously problematic because of all the collateral damage associated with it. beginning to hear a few republican voices saying do we want to go through again what we did in 2011? i think the problem was the bush tax cuts were the moment there was enormous you expiration of the bush tax cuts, a moment when there was enormous leverage to make a deal. now you it gets harder going forward. today, you had mitch mcconnell on "meet the press" half a dozen time saying taxes have now been resolved only saving $600 billion the next decades, half the amount the president said he believed he needed to get the deficit under control. and on the other side, with the tax issue off the table, it's not really clear what is the leverage that is going to allow the republicans to force democrats to deal with the entitlement side, unless you can believe they can do that through the debt ceiling. as we said that is a problematic lever. in an odd way, something very rare happened with this fiscal cliff deal t reduced the leverag
you know, using the debt ceiling as the lever to try to force through a big deal is enormously problematic because of all the collateral damage associated with it. beginning to hear a few republican voices saying do we want to go through again what we did in 2011? i think the problem was the bush tax cuts were the moment there was enormous you expiration of the bush tax cuts, a moment when there was enormous leverage to make a deal. now you it gets harder going forward. today, you had mitch...
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Jan 2, 2013
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the debt ceiling is going to be hit. so that now will be the incentive for getting bigger things like entitlement reform and tax reform. >> very frustrating for a lot of people. some liberals and conservatives are angry with the deal. amy kremer with the tea party tweeted this. i'm extremely disgusted with what happened in the house tonight there will be consequences. and another said your president sold you out. democrats mostly caved on letting the inheritance tax rise. and the deal gives republicans carte blanche. will there be blowback? >> i think there may be some. we'll still have to wait and see, because the election just passed, but i think the political pressures are very real when you look at who voted no on this. there are people who are unhappy with this on both sides. some liberal democrats who felt like that threshold of $450,000, to them that is well above wealthy. and they think that they wanted to see president obama make good on his promise of keeping that threshold at $250,000. and some republicans who
the debt ceiling is going to be hit. so that now will be the incentive for getting bigger things like entitlement reform and tax reform. >> very frustrating for a lot of people. some liberals and conservatives are angry with the deal. amy kremer with the tea party tweeted this. i'm extremely disgusted with what happened in the house tonight there will be consequences. and another said your president sold you out. democrats mostly caved on letting the inheritance tax rise. and the deal...
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Oct 14, 2013
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on the debt ceiling, i'm told that it would go until february 15th so the debt ceiling would be raised until february 15th so that the u.s. would not default. then it gets a little murky on the issue of obama care, which of course is what started this whole conflict. i'm told by democratic sources now, not republican, but democratic sources that the issue of income verification for those who are receiving federal subsidies to get obama care is still on the table. democrats are still talking about that or actually are now talking about that with republicans. so that would be new. if that would be part of a deal, it would be democrats giving in to republicans on something that they can go back to their constituencies and say they have a win on. the last thing we talked about earlier in the hour is some kind of repeal of any kind of tax that is put in place to help pay for obama care. i'm told by democratic sources that that is now off the table but they're not completely shutting the door on it because negotiations are still going on. the last thing i want to tell you is that senate repu
on the debt ceiling, i'm told that it would go until february 15th so the debt ceiling would be raised until february 15th so that the u.s. would not default. then it gets a little murky on the issue of obama care, which of course is what started this whole conflict. i'm told by democratic sources now, not republican, but democratic sources that the issue of income verification for those who are receiving federal subsidies to get obama care is still on the table. democrats are still talking...
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Jan 12, 2013
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in august of 2011, we had the big debt ceiling debate, we're going to have another one. at the end of the day, we have to rein in the spending, we have $16 trillion in debt. most people cannot fathom how much even $1 million is let alone a trillion. so when we have $16 trillion in debt and we're spending $1.4 trillion or $1.6 trillion more every single year than we're bringing in, it is a real issue that needs to be dealt with. and the bottom line is, these people, it doesn't matter what party they're in, they're going to washington, they're being elected by we, the people, they work for us and they're going to washington and not doing their job. this fiscal cliff deal, they had three to six minutes to read the bill. that is not acceptable. and again, it's not about party politics. but you know what? i'm going to say this, erick is right, there's a problem, the tea party movement was born out of frustration with both political parties but especially the republican party and i would say that we're the threat to the republican party and we do, you can't change it from the
in august of 2011, we had the big debt ceiling debate, we're going to have another one. at the end of the day, we have to rein in the spending, we have $16 trillion in debt. most people cannot fathom how much even $1 million is let alone a trillion. so when we have $16 trillion in debt and we're spending $1.4 trillion or $1.6 trillion more every single year than we're bringing in, it is a real issue that needs to be dealt with. and the bottom line is, these people, it doesn't matter what party...
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Oct 11, 2013
10/13
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and the debt ceiling deal. it might be in the works but are republicans and democrats, are they willing to compromise? are the republicans willing to compromise with each other and, as you mentioned, is the damage already done there we're going to look at how the world views the united states move to flirt with default? my name is mike and i quit smoking. chantix... it's a non-nicotine pill. i didn't want nicotine to give up nicotine. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. [ mike ] when i was taking the chantix, it reduced the urge to smoke. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these, stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you'
and the debt ceiling deal. it might be in the works but are republicans and democrats, are they willing to compromise? are the republicans willing to compromise with each other and, as you mentioned, is the damage already done there we're going to look at how the world views the united states move to flirt with default? my name is mike and i quit smoking. chantix... it's a non-nicotine pill. i didn't want nicotine to give up nicotine. [ male announcer ] along with support, chantix (varenicline)...